Perenco makes DR Congo’s first offshore discovery in 30 years

LONDON, May 22, 2024 – Muanda International Oil Company, Perenco’s offshore subsidiary in the Democratic Republic of the Congo, has made the country’s first offshore discovery in almost 30 years, the company announced on Tuesday.

The Moke East exploration well, located between the Lukami and Motoba fields encountered a 7.3-metre (24-feet) net oil-bearing column. The discovery will be tested and the well will be completed in the coming weeks.

 

Moke East is one of two exploration wells Perenco has drilled in 2024. The Luks-A well, which targeted a southern extension of the Pinda formation, has been plugged and abandoned because the hydrocarbon potential was insufficient.

Drilling was carried out with the Dixstone-owned Nuada rig, a self-elevated jackup. The rig will be used for a total of 12 wells in the GCO field as part of Perenco’s offshore development drilling campaign.

“As the Democratic Republic of the Congo’s only international oil and gas producer, we are very pleased to further demonstrate our commitment, through this investment, to the discovery of new resources. We firmly believe that the country’s oil and gas industry has a very positive future and that new projects could lead to the valorisation of LPG extracted from the gas for the local market, or to provide more gas to power in Muanda,” said Frédéric Kiepferle, country general manager for Perenco.